Petrol prices in New Delhi have been turning more volatile, as prices of crude oil have been showing a firm trend. It is important to check todays petrol price in New Delhi ₹ 73.27 (15th October 2019), especially if you are going for a long drive. Remember, petrol and diesel prices are revised daily, so you can lose much, if you are travelling on a long distance. The rupee has also moved lower against the dollar, which has made petrol prices in New Delhi more expensive than before. It is hoped that the government can reduce excise duties, so as to enable rates to become more cheaper in the coming days.
|Oct 14, 2019||₹ 73.32||₹ 0.00|
|Oct 13, 2019||₹ 73.32||₹ 0.00|
|Oct 12, 2019||₹ 73.32||₹ -0.10|
|Oct 11, 2019||₹ 73.42||₹ -0.12|
|Oct 10, 2019||₹ 73.54||₹ -0.05|
|Oct 9, 2019||₹ 73.59||₹ 0.00|
|Oct 8, 2019||₹ 73.59||₹ -0.17|
|Oct 7, 2019||₹ 73.76||₹ -0.13|
|Oct 6, 2019||₹ 73.89||₹ -0.15|
|Oct 5, 2019||₹ 74.04||₹ -0.29|
|Highest rate in October||Rs.74.61 on October 1st|
|Lowest Rate in October||Rs.73.27 on October 15th|
|Over all performance||Falling|
|Highest rate in September||Rs.74.42 on September 30th|
|Lowest Rate in September||Rs.71.71 on September 8th|
|Over all performance||Rising|
|Highest rate in August||Rs.72.80 on August 1st|
|Lowest Rate in August||Rs.71.84 on August 19th|
|Over all performance||Falling|
|Highest rate in July||Rs.73.41 on July 23rd|
|Lowest Rate in July||Rs.70.44 on July 1st|
|Over all performance||Rising|
|Highest rate in June||Rs.71.62 on June 1st|
|Lowest Rate in June||Rs.69.93 on June 16th|
|Over all performance||Falling|
|Highest rate in May||Rs.73.13 on May 1st|
|Lowest Rate in May||Rs.71.03 on May 18th|
|Over all performance||Falling|
|Highest rate in April||Rs.73.13 on April 30th|
|Lowest Rate in April||Rs.72.80 on April 9th|
|Over all performance||Rising|
Petrol prices in Delhi are now changing everyday, as against every 15 days before. We are providing daily petrol price rates, so you can check the same on goodreturns.in
The advantage of doing that is you know when to fill petrol and make maximum use of falling petrol prices. In any case Delhi petrol rates are much lower then some of the other cities in India. It also sets the trend for an increase or decrease in rates in various other cities of India. The rates would be largely determined by the largest oil marketing companies in India, that is Indian Oil, Bharat Petrolem and Hindustan Petroleum. You would do well to check the rates given the fact that if you fill same about 30 to 40 litres petrol you could tend to lose a lot. Now that petrol prices in Delhi have been dergulated like many other cities in the country.
Petrol rates in Delhi largely depend on how international prices of crude oil move. It is largely linked to international crude prices, which trade abroad. There is also an India crude basket, which largely determines the prices of Petrol in Delhi. It is always advisable to check the petrol prices, if you are planning to fill your automobile to the brim. A small change in rates can be mean a lot when you have larger volumes of diesel or petrol to fill. Diesel prices in Delhi also more or less move in a smilar way.
Lately, we have been seeing an increasing trend of petrol prices rallying in several cities. In fact, in places like Delhi they have now hit the Rs 72 per litre mark. This has happened as international prices of crude have gone higher and there is every possibility that there could be a further increase in prices.
The government has in the past cut the excise on petrol to make-up for the huge gains seen in the prices of petrol. However, any such cuts in the excise tends to impact the government's fiscal deficit.
If the trend of an increase in Delhi prices of petrol today continues, we may soon realize that rates have now hit a three year high and this is not good news for any government.
An urgent cut in the prices of the fuel is needed to be implemented by the government at the earliest.
Todays petrol prices in New Delhi are a result of a host of a factors that influence rates.Among these include world prices of the fuel. At the moment Brent Crude prices are trading at $64. When these prices go higher, the India crude basket goes higher, which in turn alters the daily price of petrol in Delhi. A similar thing can be seen as far as diesel is concerned.
It is hence a good idea to check prices of the fuel before leaving your home. For the last few days there has been a declining trend at the retail level. Once petrol and diesel prices are bought under the ambit of the Goods and Services Tax, we may see these prices declining in the coming days. In the meantime, we would have to continue to pay the desired sum and wait for a fall in todays petrol rates in New Delhi.
Fuel rates in India depend on a host of things. Petrol prices in Delhi today depend on the India crude basket, transportation costs, value added taxes and excise duty levied by the government.
The fuel costs in the city are pretty high, though they are way lesser than what Mumbai charges. The city has one of the highest value added taxes, which has pushed petrol prices higher.
In India, when excise by the government is hiked, petrol prices in Delhi tend to increase. At the moment, excise is slightly more than Rs 21. The local government also tends to tinker with the value added tax, which tends to inflate the fuel rates.
The currency also plays a big role, in pushing the price of petrol and diesel either way. If rates tend to move in one direction heavily, the government can cut or hike rates accordingly.
Overall, it is likely that we will see sharp cuts in the prices of the fuel in the coming days. International prices have the biggest bearing and any drop in these tend to help rates cuts. Movement of the rupee against the dollar also tends to impact petrol and diesel prices accordingly.
So, for calculation of todays petrol price in Delhi one has to taken into account, excise, value added tax, India crude basket and currency movement.
The petrol prices in New Delhi slipped marginally following global trends as weak economic data of China compounds U.S.
- China trade deal doubts. The petrol rates in New Delhi were spotted at Rs 73.27 per litre, down by 5 paise.
In the global markets, the crude benchmark – Brent was recorded at $58.89 per barrel, down by 0.78% and West Texas Intermediate (WTI) was at $53.21 per barrel, down by 0.71%.
The crude prices continued to slip during today’s trade session as weak Chinese economic data for September month has raised the global crude outlook demand for the rest of the year. Beijing’s exports picked up pace during September but the imports shrunk for the fifth straight month which highlighted the weakness of the economic conditions and underlined the need for more stimulus amidst the dragging U.S. - China trade war.
Analysts note that the exports and imports of China shrunk more than expected during September, highlighting the factor that the global trade dispute has undercut the demand factor.
Meanwhile, the rupee opened flat at 71.24 against the U.S. dollar during today’s trade session amidst feeble Chinese economic data which is likely to dampen the progress towards the resolution of the U.S. - China trade war.15 October 2019
The petrol prices in New Delhi remained flat despite a fall in the global prices in the international markets amidst easing tensions between the U.S. and China. The petrol rates in New Delhi were seen trading at Rs 73.32 per litre.
In the overseas markets, Brent was seen trading at $59.97 per barrel, down by 0.89% and West Texas Intermediate (WTI) was at $54.22 per barrel, down by 0.88%.
The trade talks between the U.S. and China ended on a positive note and this has helped the crude prices to ease in the global markets. Apart from this, Beijing’s crude imports have spiked up by over 10.8% during September 2019 from a year earlier, as refiners boosted crude production.
China is the world’s largest crude importer. The country has imported a record 1.24 million tonnes of crude during September 2019, which comes up to 10.04 million barrel per day (bpd) for consumption. The report was released by the General Administration of Customs. During September 2018, the dragon country had imported 9.93 million bpd of fuel.
The customs data of China also revealed that it had exported 5.68 million tonnes of refined crude products in September 2019, up from 39.6% during a year ago as refiners worked to fill up their annual export assignment before the end of the year.
Meanwhile, the rupee value rose up against the dollar and settled at 70.88 during today’s opening session as against the previous close of 71.02.14 October 2019
The petrol prices in New Delhi inched down despite rallying up in global markets over attack on Iran’s oil tanker, yesterday while sailing in the Red Sea. The petrol rates in New Delhi were seen trading at Rs 73.32 per litre, down by 10 paise.
In the international markets, Brent rose up by 2.39% to trade at $60.51 per barrel and West Texas Intermediate (WTI) was at $54.70 per barrel, up by 2.15%.
As per the reports from Iran’s Foreign Ministry, Iran’s Sabati – oil tanker was hit twice when it was sailing in the Red Sea off Saudi Arabia’s coast. The National Iranian Tanker Company (NITC) states that the ship was damaged but currently it is heading to the Gulf and denied the reports that it was set ablaze.
The attack has further intensified the tensions in the Middle East region which started back in May 2019. The Red Sea is a major global shipping route for fuel and other trade activities and it links the Indian Ocean and the Mediterranean Sea via Suez Canal.
Meanwhile, the rupee value was seen trading at 71.05 per U.S. dollar during yesterday’s closing session. The petrol prices in New Delhi is revised daily at 6:00 am and is based on the rupee-dollar currency exchange rate and crude prices in international markets.12 October 2019
The petrol prices in New Delhi declined despite a hike in crude rates amidst optimism surrounding ongoing trade talks and possible deeper cuts in OPEC’s oil supply. The petrol rates in New Delhi were seen trading at Rs 73.42 per litre, down by 12 paise.
In the international markets the crude prices rallied up by over 1%, Brent was seen trading at $59.76 per barrel, up by 1.12% and West Texas Intermediate (WTI) was seen trading at $54.12 per barrel, up by 1.06%.
The high-level trade talks between the U.S. and China wrapped up for the first of two days with business groups on both the sides forecasting positive signs which is likely to end the 15 month-long trade tariff war and this is likely to delay the U.S. imposed fresh tariffs on Chinese goods worth $250 billion which is set for next week.
The OPEC group is likely to trim down its crude supply deeply to balance the oil market. The OPEC’s Secretary-General, Mohammad Barkindo said that all options are open on the table, including a deeper supply fuel cut. He noted that the final decision will be taken during the December’s meet between OPEC and its member partners.
The optimism surrounding the ongoing trade talks between the U.S. and China helped the rupee to trade higher at 70.83 per dollar, up by 0.34% from the previous close of 71.07.11 October 2019
The petrol prices in New Delhi declined following global trends as hopes of U.S. - China trade war curtails. The petrol rates in New Delhi were recorded at Rs 73.54 per litre, down by 5 paise.
In the international markets, the crude benchmark – Brent was recorded at $58.28 per barrel, down by 0.07% and West Texas Intermediate (WTI) was at $52.55 per barrel, down by 0.08%.
The trade talks between the U.S. and China which are scheduled to take place today and tomorrow in Washington is showing no cues of resolution at the moment. Both the countries are waging a tit for a tat trade war over 15 months which has affected the performance of the global economy to a great extent.
With China downgrading its expectations on the trade talks, the U.S. President on the other hand is likely to go ahead with his decision on imposing higher tariffs on a set of Chinese goods which is worth $250 million with a hiked tariff rate of 30% from the earlier set rate of 25%, if in case he does not see any progress in the upcoming talks.
The U.S. has witnessed a rise in crude stocks to touch 2.9 million barrels for the week ending October 4, stated Energy Information Administration (EIA).
Meanwhile, the Indian rupee opened higher by 12 paise at 70.95 per dollar as against the previous close of 71.07.10 October 2019
The petrol prices in New Delhi remained flat despite a fall in global crude rates amidst muted fuel demand and slow down of global economic growth. The petrol rates in New Delhi were recorded at Rs 73.59 per litre.
In the international markets, Brent was seen trading at $58.04 per barrel, down by 0.34% and WTI was at $52.41 per barrel, down by 0.42%.
The prolonged trade tariff war between the U.S. and China has dragged the global economy towards the verge of recession. This week officials from both the sides are all set to meet to resolve the issue in Washington.
Most of the analysts predict that it is doubtful that both the sides are likely to settle the issue amicably as fresh tensions rose this week after the U.S. imposed visa restrictions on the dragon countries officials on the grounds of detention or abuse of Muslim minority community, while another row escalated over recent comments by the U.S. NBA official supporting the ongoing protests in Hong Kong.
The quick resolution of trade tariff dispute between two major economies will help to revive the global economy which is facing brink at the moment.
Meanwhile, the rupee value slipped to a new low during today’s trade session and was seen at 74.27 against the U.S. dollar.9 October 2019
The petrol prices in New Delhi inched down despite a rise in global crude prices amidst increasing tensions in the Ecuador and Iraq. The petrol rates in New Delhi were seen trading at Rs 73.59 per litre, down by 17 paise.
In the global markets, the crude benchmark - Brent was seen trading at $58.75 per barrel, up by 0.69% and West Texas Intermediate (WTI) was at $53.09 per barrel, up by 0.64%.
The rising protests by residents in Iraq and subsequent use of live ammunition by the army have left many people dead and thousands wounded in Baghdad. The weekend clashes started owing to anti-government protests staged by residents demanding jobs, better basic facilities and to tackle endemic corruption. Iraq which occupies the second position in terms of fuel production in the world is likely to witness disruption in its crude output owing to the protests and this weighed on global fuel prices.
On the other hand, Ecuador which is the smallest OPEC members is all set to pull off from the block in January 2020, citing fiscal problems. The South American country is looking to boost its stagnating oil output.8 October 2019
The petrol prices in New Delhi inched down despite rising in crude rates in the global platform owing to growth in U.S. employment. The petrol rates in New Delhi were seen trading at Rs 74.04 per litre, down by 29 paise.
In the overseas markets, the crude benchmark – Brent was seen trading at $58.37 per barrel, up by 1.14% and WTI was at $52.81 per barrel, up by 0.69%.
The U.S. Labor Department revealed that the employment rate in the United States of America rose moderately in September as the unemployment rate dropped to nearly 50 year low of 3.5%. This helped the fuel prices to grow over 1% during previous trade session in the global markets. The report has eased off some of the concerns around slow growth of the global economy which had rattled investors confidence in the equities markets.
Last month’s attack on Saudi Arabia’s Aramco facilities had boosted the fuel prices to shoot up creating supply fears. But as per the Saudi Energy Minister’s statement, the kingdom was successful in bringing back the fuel output production to normalcy by the end of September easing its prices in the global scenario.
Meanwhile, the rupee value fell flat to settle at 70.88 against a U.S. dollar during yesterday’s closed session after RBI trimmed down repo rate by 25 basis points.5 October 2019
The petrol rates in New Delhi declined slightly despite rallying of the crude prices in the overseas markets amidst weak crude demand. The petrol prices in New Delhi were seen trading at Rs 74.33 per litre, down by 18 paise.
In the global markets, Brent was seen trading at $57.93 per barrel, up by 0.38% and WTI was at $52.64 per barrel, up by 0.36%.
The weak U.S. services sector and jobs growth data added further worries about the fuel demand in the international markets as the prolonged U.S. - China trade tariff war has cast a shadow over the global economic growth. Investors have lost confidence in the equities markets at the moment.
On Thursday, Saudi’ Energy Minister – Prince Abdulaziz bin Salman announced that the kingdom country has successfully restored its oil output after September 14th attacks which wiped out 5.7 million barrels of crude which is equivalent to 5% of global fuel supply.
Meanwhile, the Indian rupee rose up against the U.S. currency to touch 70.79, up by 10 paise amidst repo rate cut by RBI by 25 basis points.4 October 2019
The petrol prices in New Delhi declined following global cues amidst weak economic data from developed nations and rise in crude stock inventories in the U.S. The petrol rates in New Delhi stood at Rs 74.51 per litre, down by 10 paise.
In the international markets, Brent was seen trading at $57.46 per barrel, down by 0.40% and West Texas Intermediate (WTI) was at $52.55 per barrel, down by 0.17%.
The higher than expected rise in U.S. Crude inventories has helped to reduce the prices of fuel in the overseas markets. The Wednesday’s report from the Energy Information Administration stated that the crude inventories touched 3.1 million barrels last week as against the estimated analyst’s expectations of 1.6 million barrels.
Added to this, the weak economic data from most of the developing as well as developed nations are also weakening the demand factor for fuel in the coming days. The prolonged U.S. - China trade war has dampened the growth factor of the global economy and has managed successfully to drag the economy towards the verge of recession.
Meanwhile, the rupee value slipped by 28 paise to touch 71.35 against the dollar due to unabated foreign fund outflows.3 October 2019